Even if you create all the right trusts, skilled trust administration is necessary to ensure the funds follow your vision. Stone Bybee & Associates can administer your trusts in line with your values.
Stone Bybee & Associates, PLLC, provides estate and trust administration and probate services tailored for high-net-worth individuals and Family Office Groups. Led by Attorney S. Craig Stone II, our firm serves clients nationwide from our office in Las Vegas, Nevada.
We dedicate our work to preserving your wealth, minimizing tax liabilities, and ensuring that your estate plan reflects your unique goals and values. Whether you are establishing a trust or navigating the complexities of probate, our team provides skilled legal support to protect your assets and secure your legacy.
Trust Administration and Trustee Services
Trust administration is essential for high-net-worth individuals aiming to protect their assets and seamlessly transition their wealth to future generations. At Stone Bybee & Associates, PLLC, our trust administration services meet the unique needs of clients in Las Vegas, NV, and across the nation.
Why Trust Administration Matters
Administering a trust involves much more than just managing assets; it requires a deep understanding of both Nevada and federal laws, as well as a commitment to uphold the settlor’s intentions and the beneficiaries’ best interests. Our firm takes a hands-on approach to trust administration; we manage legal nuances and guide the trustee to ensure administration aligns with your wishes and the law.
Types of Trusts We Administer
We handle a wide range of trusts to match different estate planning purposes. For instance, perhaps you want to keep your money safe from probate but need the flexibility to modify the trust in your lifetime. In this case, our revocable living trusts are the perfect solution.
However, not all aspects of estate planning need flexibility. If you’re willing to commit part of your estate to an irrevocable trust, you can reduce your tax liability and put more money in the hands of your inheritors.
You may have a disabled loved one you care for, and want them to live a good life even after you’re gone. In this case, we administer special needs trusts with unique tax benefits. First, they can maximize the money you leave to your loved one without jeopardizing their benefits. Second, our attentive approach to trust administration safeguards your loved one from scams or manipulation.
At Stone Bybee & Associates, PLLC, we understand that each trust type serves a different purpose. We’re committed to helping you help those you love for the rest of their lives, and the first step is selecting the right type of trusts to establish.
Estate Administration and Probate
Navigating the probate process can be a daunting task, especially for estates with significant assets or complex holdings. At Stone Bybee & Associates, PLLC, we offer comprehensive estate administration services designed to simplify probate in Nevada. Our experienced team, led by S. Craig Stone II, is here to guide you through every step of the process, ensuring that your loved one’s estate is handled with care and precision.
Understanding Probate in Nevada
Probate is the legal procedure required to validate a deceased person’s will, inventory their assets, pay any outstanding debts and taxes, and distribute the remaining assets to the rightful heirs. In Nevada, probate can be particularly challenging for high-net-worth estates, given the intricacies involved in managing diverse assets and adhering to state-specific laws. Our firm is committed to making this process as smooth and efficient as possible for our clients.
Our Approach to Probate
We provide comprehensive support through the initial filing of the will with the Nevada probate court to the final distribution of assets. This includes conducting a thorough inventory of all estate assets, such as real estate, bank accounts, investments, and personal property/
Our company handles all creditor claims to promptly pay any outstanding debts and taxes and protect the estate from future legal disputes. After settling all financial obligations, we oversee the distribution of assets to beneficiaries as outlined in the will or trust.
Avoiding Probate: Strategic Estate Planning
For many clients, avoiding probate altogether is a preferable option. Probate can be time-consuming, expensive, and often involves public disclosure of private matters. To help clients avoid probate, we offer strategic estate planning services that include the creation of living trusts and other legal instruments.
By placing assets in a trust, you can bypass the probate process, allowing for a quicker, more private transfer of wealth to your beneficiaries. This strategy not only saves time and money but also minimizes stress for your loved ones during a difficult time.
With Stone Bybee & Associates, PLLC, you are choosing a firm that offers a unique blend of legal acumen, dedication, and personalized service. We bring care and professionalism to the table when we administer your trusts or help guide your family through estate administration. Reach out today and gain the freedom to focus on yourself and your loved ones.
